Press release
Automotive Tubeless Tire Industry Growth Trends and Competitive Analysis 2018-2025
In terms of consumption side, this report focuses on the consumption of Automotive Tubeless Tire by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc. Tubeless tires operate without an inner tube, while the outer casing makes an air tight seal with the rim of the wheel, and air is held in the assembly of casing and rim. The tubeless tire comprises of tread, steel belt, and spiral layer, and assist vehicles in numerous functions, such as supports vehicle load, transmits traction & breaking force to road surface, absorbs road shocks, and changes & maintains direction of travel. Moreover, to accomplish these basic functions, a tubeless tire is made up of steel belt covered with resilient rubber and inflated with high-pressure air (nitrogen, CO2, O2, and mixture of gases).
The tubeless tire market is expected to witness lucrative growth during the forecast period, due to its advantages, such as easy puncture repair, more comfortable for higher speed, lower tire pressure, better bump absorption, and reduced rotating weight as compared to conventional tires. Commercial vehicles, such as heavy-duty trucks & buses may integrate 8 or more than 8 tubeless tires depending on the application and role of the vehicle, whereas two wheelers are integrated with 2 tires and passenger cars with 4 tires.
The Automotive Tubeless Tire market was valued at 128300 Million US$ in 2017 and is projected to reach 208100 Million US$ by 2025, at a CAGR of 6.2% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Automotive Tubeless Tire.
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This report includes the following manufacturers; we can also add the other companies as you want.
Bridgestone Corporation
The Goodyear Tyre & Rubber Company
Continental AG
MICHELIN
Pirelli Tyre S.p.A.
Sumitomo Rubber Industries, Ltd.
Hankook Tire Co. Ltd.
CST.
Market Segment by Product Type
Radial
Bias
Market Segment by Application
Two-Wheeler
Passenger Car
Commercial Vehicle
The study objectives are:
To analyze and research the global Automotive Tubeless Tire status and future forecast, involving capacity, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
To present the key Automotive Tubeless Tire manufacturers, capacity, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Automotive Tubeless Tire are as follows:
History Year: 2013-2018
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
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